BNB Chain activated its Haber hard fork which introduces BNB Evolution Proposal (BEP)-336 to optimize data storage and processing on the network. On June 20, the blockchain network announced that it successfully activated the hard fork, claiming a 90% reduction in blockchain fees. BEP 336, which takes inspiration from the Ethereum Improvement Proposal (EIP)-4844, enables blob-carrying…

LayerZero’s token launch on June 20 caused a massive surge in fees on Arbitrum, leading to a record $3.43 million daily revenue for the blockchain, a bump of around 16,680% compared to ththe day prior. LayerZero launched the ZRO token on Thursday but triggered criticism over its obligatory “donation” mechanism — which requires claimants to spend a…

Cross-chain interoperability protocol LayerZero’s newly launched token LayerZero (ZRO) fell 17% since its launch amid controversy over its donation criterion for claiming tokens, which some have likened to a “tax.” Some disagree with the criticism and think the mechanism could be a good step toward solving the issues plaguing recent token airdrops. Upon its launch…